M&A Deal Summary

German American Bank Acquires Citizens First

On February 21, 2019, German American Bank acquired financial services company Citizens First for 68M USD

Acquisition Highlights
  • This is German American Bank’s 14th transaction in the Financial Services sector.
  • This is German American Bank’s 3rd largest (disclosed) transaction.
  • This is German American Bank’s 20th transaction in the United States.
  • This is German American Bank’s 2nd transaction in Kentucky.

M&A Deal Summary
Date 2019-02-21
Target Citizens First
Sector Financial Services
Buyer(s) German American Bank
Deal Type Merger
Deal Value 68M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Wyatt Tarrant & Combs (Legal)

Target

Citizens First

Bowling Green, Kentucky, United States
Citizens First Corp. is the provider of quality financial services to people, businesses and organizations while developing lasting partnerships with each of our customers through responsive, flexible and distinguished personal service. The Company has branch offices located in Barren, Hart, Simpson and Warren Counties in Kentucky, and a loan production office in Williamson County, Tennessee. At December 31, 2018, Citizens First reported total assets of approximately $476 million, total loans of approximately $372 million, and total deposits of approximately $389 million.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

German American Bank

Jasper, Indiana, United States
Category Company
Founded 1910
Sector Financial Services
Employees840
Revenue 251M USD (2023)
DESCRIPTION

German American Bank is a financial service provider specializes in banking, insurance, and investments for business and retail customers. German American Bank was founded in 1910 and is based in Jasper, Indiana.

DEAL STATS #
Overall 20 of 21
Sector (Financial Services) 14 of 15
Type (Merger) 3 of 4
State (Kentucky) 2 of 2
Country (United States) 20 of 21
Year (2019) 1 of 1
Size (of disclosed) 3 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-22 First Security

Owensboro, Kentucky, United States

First Security, Inc., based in Owensboro, Kentucky operates 11 retail banking offices through its wholly-owned subsidiary, First Security Bank, Inc., with retail banking offices in Owensboro, Bowling Green, Franklin and Lexington, Kentucky and in Evansville and Newburgh, Indiana.

Buy $101M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-29 Heartland Bank

Whitehall, Ohio, United States

Heartland Bancorp is a registered Ohio financial holding company and the parent of Heartland Bank, which operates 20 full-service banking offices in Central Ohio and Greater Cincinnati. It provides full-service commercial, small business, and consumer banking services; professional financial planning services; and other financial products and services. Heartland Bancorp was formed in 1911 and is based in Whitehall, Ohio.

Buy -
Mergr

Product

Company

Legal